Indian non-banking financial company (NBFC) Esskay Fincorp has selected Nucleus Software’s FinnOne Neo Cloud, a cloud-based lending solution.

The deployment of FinnOne Neo Cloud will support the end-to-end digitisation of Esskay Fincorp’s lending business.

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Esskay Fincorp managing director Rajendra Setia said: “By adopting Nucleus FinnOne Neo we are completing the loop which is intended to provide our customers a rapid, transparent and easy access to financial services offered by us.

“We understand the need to invest in best technology of the time and that is why we choose Nucleus FinnOne Neo Cloud.

“This solution will provide us with scalability, functionality and flexibility which will help us expand our business and achieve our business goals.”

The deployment of FinnOne Neo Cloud will enable Esskay Fincorp to set up a completely automated and paperless loan processing capability.

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The company also plans to deploy Nucleus lending mobility solutions ‘mCAS’ and ‘mCollect’ that will enable their agents to originate loans and collect instalments through mobile applications from any place.

The implementation of these solutions will allow Esskay Fincorp to provide rapid and better services.

Nucleus Software Cloud Business global head Sarbpreet Singh said: “With our primary focus on digital and innovation, FinnOne Neo Cloud will enable Esskay Fincorp to become one of the leading lending providers and help them grow faster.

“With this solution, they will now be able to offer unparalleled experience to their customers and tailored offerings at the speed of their demands.”

Esskay Fincorp was established in 1994 with the objective to become the most preferred financer by offering customer centric financial services and facilitate overall financial inclusion.

Currently it has 226 branches across the Indian states of Maharashtra, Rajasthan, Gujarat, Haryana, Punjab and Madhya Pradesh.